Market Extra
Rising yields are quietly crashing the stock market’s earlier winners of 2026Small caps are suddenly at risk of a correction
Surging Treasury yields have begun to hammer parts of the stock market that might easily be overlooked, especially with the spotlight once again shining brightly on a small group of glamorous tech companies.
Re-energized enthusiasm for tech helped the S&P 500 SPX this week reclaim the lead over the Russell 2000 RUT for 2026, as small-cap stocks drop toward correction territory under the weight of higher Treasury yields.
